Neom - The Line - The Rise and Fall of Saudi Arabia's Linear City.
Patrick Boyle On Finance
English - April 16, 2024 20:00 - 32 minutes - 22.3 MB - ★★★★★ - 120 ratingsInvesting Business Education finance trading hedge funds investment stock market history personal finance quantitative finance investing business Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Saudi Arabia’s plan to build a 170km long, 500m tall, mirrored city in the desert, filled with 9 million people has been curtailed to 2.4km long.
According to Bloomberg, Saudi Arabia’s government had “scaled back its medium-term ambitions” for Neom, of which The Line is the most significant sub-project.
The Saudi government had hoped to have 9M residents living in The Line by 2030, but this has been scaled back to fewer than 300,000, according to the report.
The curtailment of plans comes as Saudi Arabia has not yet approved the 2024 budget for Neom, according to Bloomberg.
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